Well-being programs not only enhance employee performance, they also show a real concern for employees’ well-being while helping the company to increase its ROI and keep health care expenses low.
According to the American Heart Association, for every $1 invested in corporate well-being programs, companies receive up to $3 in return. Moreover, when companies decide to invest in well-being programs targeting chronic diseases, such as diabetes and obesity, the company’s ROI increases up to $3.80, according to RAND Corporation.
However, the goal of preventing injuries and reducing a company’s healthcare costs requires building a solid corporate well-being program that fosters healthy habits and challenges your employees’ willpower.
Lifestyle management programs, that include fitness competitions and challenges organized by companies, have a 87% of employee participation. As Evren Esen, Director of SHRM, said: “It shows how organizations are investing in wellness. They are jumping on the wellness bandwagon, and it is here to stay.”
Therefore, it is not a coincidence the sudden success that fitness bands and activity trackers provided by companies have had during 2015. In fact, over the next five years, nearly 13 million wearable devices will be implemented into corporate well-being programs according to ABI Research. Apparently, as explained in an article published by Forbes, 44 percent of US employees are already using them at work.
Nowadays, to integrate wearable technology with workplace wellness and healthy habits is a “must do”. One of the many benefits modern technology offers is that it is social, wearable, mobile and can be linked to several well-being apps. Thanks to this feature, employees can monitor their progress and make it social. It offers them recognition by adopting healthy habits and real-time data tracking, like distance and steps count.
As Dr. Roger Sahoury author of Gladiator’s Guide to Corporate Health & Wealth said, “When a team understands how much a company cares about them, the people will work harder, be more dedicated and can more easily operate as one unit. If the overall wellness of an organization is evaluated and treated holistically, a company can minimize mechanical and structural problems while maximizing culture and profitability.”
Throughout friendly competition and group support people become more empowered to achieve their goals. Visionarity has proven that the combination of social networking and wearable technology are effective to approach and promote health at work.
We help companies implement their well-being programs through wellness apps and mobile solutions. We offer a holistic approach to well-being, including personal activity level, mindfulness and nutrition. This helps to reduce costs caused by obesity and stress related illnesses.
We also use intelligent incentive systems (gamification), real-time analytics, team-based challenges and multiple rewards to make the whole experience fun!
Do you want to know more about fostering healthy habits at work? Please visit Visionarity